News Hub: Upbeat Jobs Report May Inspire Markets

WSJ's Paul Vigna reports on how markets are likely to react Friday's employment report. In addition, they analyze how the Fed may react as well.

This transcript has been automatically generated and may not be 100% accurate.

Gou ... the ... the whole again people were getting pretty optimistic ... figures and the winner ... it's not very disappointed but not really be what it was the feature of about thirty four and ... about forty forty five now so little bit a little game ... but if the number was broadly in line with consensus and the consensus of about two hundred thousand is now I mean ... that's really pre much in line for this report ... what you need to do is get a look in January the break to get its general was still weak unless it was a snowstorm still get the snapback and there aren't any aren't ... necessarily somewhere and ... I shoveled the snow Deborah know that the deal in two months ago the eye with the revisions are to get a chance to see a genuine star ... beat a coast to ... get average it out you prayed in a given number of a hundred twenty and thirty thousand ... it's not a great number it's not about keeping people population growth it's early enough to really whittle down the unemployment rate which by suspect the Oakland Arena now ... has more appeal ... you know what I was very interesting about the numbers actually is not the numbers percent with the productivity numbers we got yesterday which was looked businesses including comes to profits in profits from the stock market ... businesses are still finding ways ... to fire people were to become more productive in my Khosla I'm gonna do well I I well understand it ... and so this ... is for the broader economy once British ... jobs growth ... for the underlying profits flow I think it's the price in pretty good that the Telenor's Corporation does it represent a re Arion is a Affiliated is behind the iPhone four and as I can return to it though I to the questions that others of these revisions and LYV a tree fell for the ... greater good to last month especially was almost double what we saw last ... course was terrible when you have done and it's right that about sixty three thousand We Bridge report about thirty nine thousand ... um so a lot of that was weather fact some of that can pay back ... the lesson we had a huge weather fact went back into a ninety six ... that number was eventually revised ... you know up ... by almost a hundred thousand dollars and was recently reported ... so we're expecting some sort of issues that might even get revised up again in the long term ... on ... the number though is of good numbers there was broad based there was ever job gains pretty much all right thing ... retail trade was the only major industry that lost jobs is not including the Duff ... the government again still weighing on everything local jobs where all the big cups what about the unemployment rate was it always falls sharply at eight point nine percent now from time when it just three months ago what's happening when you look at those numbers they're definitely on board it's a mixed picture because there's Deathly people leaving ... the way for folks to some of these long-term unemployed people who are leading the win was enough reduce the number down ... but the same time ... there are more ... people who were employed ... there and the number of unemployed ... is dropping its dropping by more than the number of people leaving the wave ... so therefore people we do in four sets contribute to it ... what they want that room was ... finding to settle sorry I might appreciate that and finally to study the big story the last couple months and no one expected it to fall this fast again a two month gain prior to this was the sharpest drop since nineteen ... fifty and amazingly we still seem to take down a little bit more Taiwan and Intel ... Intel has been duped I can trust many of these numbers ... but really I mean like in Yemen ... the reality is there's a lot of noise in these numbers ... and you gotta look just direction we've been trained and untrained ... generally sure ... that the trend is ok looks ... even a little stronger than last year which is good ... but again it's not that strong is something else on eking Island a ... crude crude is above one of three this morning person so that keeps going ... that's can become technically and fundamentally a problem ... there's a target price right then you get to ... this one get one last comment for you here and you think it is still tension cables are you worried about the oil price may be looking to jogging say they're actually ... not as strong as we hoped they could hear more talk of how all of the Fed extending its car financing program ... that that that numbers like this you can see that were support within the ... Fed for extending it if we start getting weaker members ... it's always possible ... but we have remember these numbers aren't great where we are now can take a ... two or three-month average on these figures we're nowhere close to achieving ... what the Fed chairman calls escape velocity ... of the economy may be growing but jobs ... are just above the eye of the break-even point for the unemployment rate so we really need to see a lot more growth ... in the labor market to do I get out of this but ... I did a pretty sight appreciate how and I ... still call every RehabCare ... witching on that ...